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This amount will include the original amount that was loaned out and the interest that it has accumulated up to that point. The exact amount that is supposed to be deducted from the borrowers account is normally disclosed to the borrower when the loan is approved. Therefore the borrower is fully informed of the exact amount that is owed to the payday lender. When it comes to online payday loans Alberta, payday lenders ensure that there is absolute transparency between best rates for unsecured personal loans and the client.

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